Boeing hires Lazard, Evercore to assess government aid, private sector loans: source

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Boeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or private sector loans, a person ...

Boeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or private sector loans, a person briefed on the matter confirmed on Friday.

The largest U.S. planemaker asked last month for at least US$60 billion in U.S. government loan guarantees for itself and other American aerospace manufacturers to help the embattled industry withstand a coronavirus-related cash drain."We're going to be meeting with Boeing," President Donald Trump told reporters on Friday."We can't let anything happen to Boeing. It's got so much potential.

 

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